Pinewood Technologies Group (LON:PINE) Trading Down 33.2% – Time to Sell?

Pinewood Technologies Group PLC (LON:PINEGet Free Report)’s stock price dropped 33.2% on Monday . The company traded as low as GBX 288.90 and last traded at GBX 291.54. Approximately 8,235,564 shares traded hands during trading, an increase of 339% from the average daily volume of 1,873,853 shares. The stock had previously closed at GBX 436.50.

Pinewood Technologies Group News Summary

Here are the key news stories impacting Pinewood Technologies Group this week:

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 725.

Check Out Our Latest Stock Report on PINE

Pinewood Technologies Group Stock Performance

The company has a market cap of £333.75 million, a price-to-earnings ratio of 4.67 and a beta of 0.56. The business has a fifty day moving average price of GBX 381.73 and a 200 day moving average price of GBX 417.96.

Insider Transactions at Pinewood Technologies Group

In related news, insider Oliver Mann acquired 25,045 shares of the stock in a transaction that occurred on Monday, February 16th. The stock was acquired at an average cost of GBX 307 per share, for a total transaction of £76,888.15. Also, insider William Berman bought 13,921 shares of the business’s stock in a transaction on Monday, December 1st. The stock was bought at an average price of GBX 357 per share, for a total transaction of £49,697.97. Over the last 90 days, insiders purchased 41,466 shares of company stock valued at $13,396,112. 47.43% of the stock is currently owned by insiders.

Pinewood Technologies Group Company Profile

(Get Free Report)

Pendragon PLC is one of the UK’s leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services.

Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.

Further Reading

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